#United States #St. Louis #Supply Chain #Graybar #Revolving Credit

Graybar's Credit Facility Extension: A Step Towards Future Growth

On June 30, 2025, Graybar, a prominent name in the distribution of electrical, industrial, automation, and connectivity products, revealed the successful amendment and extension of its unsecured revolving credit facility. This strategic move has not only secured a substantial $750 million but also unlocked additional resources to support Graybar’s expansive growth objectives and operational agility.

Details of the Credit Facility

The newly amended credit facility boasts a five-year term and is set to mature in June 2030. This extension aims to meet Graybar's general working capital needs, which are crucial for its continuous transformation within the competitive landscape of supply chain management and logistics.

David Meyer, Graybar's Senior Vice President and Chief Financial Officer, expressed optimism about the new financing arrangement: "This financing agreement provides Graybar with additional flexibility to pursue our ongoing business transformation and long-term growth strategies." These sentiments reflect the company’s proactive approach as they celebrate a century of service in the industry.

Aligning with Growth Initiatives

Graybar's leadership has made it clear that this financial backing will be pivotal in enabling the firm to invest in new capabilities and capitalize on growth opportunities. Through employee ownership culture, the company envisions building a prosperous future that serves both its workforce and customers.

Role of Banking Institutions

In facilitating this significant financial maneuver, Bank of America, N.A. took lead as the key institution. The role of BofA Securities, Inc. was equally significant as the left lead arranger and sole bookrunner in this transaction. Moreover, several prestigious banks such as JPMorgan Chase Bank, N.A., Wells Fargo Securities, LLC, and others participated as joint lead arrangers, optimizing the capital commitments essential for concluding this extension.

Market Position and Vision

Graybar is recognized as a Fortune 500 corporation and stands out as one of North America's largest employee-owned companies. The organization is well-versed in distributing high-quality products while also specializing in supply chain management services. With over 350 distribution facilities across North America, Graybar prioritizes customer needs by stocking a vast range of products from thousands of manufacturers, facilitating efficient and intelligent solutions for powering, networking, and securing facilities.

Future Prospects

Looking ahead, Graybar's expansion and strategic initiatives are poised to enhance operational efficiency while addressing customer demands with agility. The company emphasizes that it will continue to navigate existing market challenges and opportunities, including economic fluctuations and emerging technologies that may affect supply chain dynamics.

In conclusion, the extension of Graybar's credit facility is a crucial stepping stone in its journey of sustaining growth and adapting to an evolving marketplace. For further details or inquiries, individuals are encouraged to visit Graybar's official website or contact their support at 1-800-GRAYBAR.

Graybar remains steadfast in its commitment to innovation, looking to solidify its industry presence while maximizing the benefits of employee ownership and customer-centric approaches.